UMEX Trader

UMEX Trader is set to become the first trading platform to offer institutional investors with the ability to view the entire universe of Sharia compliant securities for each of the world’s main markets. The system provides a fast, easy to use and transparent method for institutional clients and wealth managers to trade in over 10,000 Sharia compliant securities from around the globe. 

Sharia (meaning "way" or "path") provides guidelines as to the requirement by which Islamic life should be conducted; this includes standards for food, family life, and business as well as daily financial dealings and transactions. The restrictions of Sharia such as the prohibition of investing in companies involved in alcohol, tobacco and gambling mean that there is a very close association between Sharia investment and ethical investment.

Additionally Sharia finance prohibits Riba - (Usury - or interest), whereas the sharing of risk and rewards in financial transactions is encouraged.

Islamic Glossary